Crypto assets generated a lot of interest in the last decade. Number of crypto assets, tokens launches is increasing daily. Currently there are more than 12000 digital assets and only few exchanges to market them.
There is need for safe, secure and reliable crypto asset exchange platform and for that you need the services of Crypto asset exchange development company.
This article will help you understand how the process of crypto asset exchange development works and what is the structure used.
What is a Crypto Asset Exchange Platform?
A crypto asset exchange or a digital exchange is similarly a broker platform where you can trade digital assets through fiat or other mediums. There are many different types of digital assets which can be traded at these online platforms. There are tokens, coins, stable coins and other different types of fungible and non-fungible tokens that you can easily trade at these platforms.
Exchanges strive to provide security and user ease to stay ahead of their competitors. They provide diverse financial options for fund deposit/withdrawal as well as wallet facilities too.
Advantages of Crypto Exchange
- Easy, secure and user-friendly interface for digital asset trading
- Easy to access sites for beginners with demo options too
- Options to trade multiple digital assets through one user
- Ease of payment methods through multi-functionality
- Wallets available for secure storage
- Crypto custody features
Why you should develop a crypto exchange
Whether you are doing it yourself or hiring a crypto asset Crypto asset exchange development company, there are many advantages to this. The number of exchanges is growing day by day therefore you have to see the factors and come to the conclusion yourself. Some of the advantages are –
- Decentralised – The cryptocurrency transactions take place directly between individuals, and it helps traders to trade with other people all over the globe. This gives them the opportunity of trading with a wide range of people and traders. The exchanges are available 24*7 for trading without any central monitor.
- User-friendly – These platforms offer an easy, simple way to trading. They remove the complexity surrounding crypto assets.
- Reliable – They offer an extra layer of security therefore there is lower risk of being hacked or theft.
- Preventing Market Manipulation – Due to P2P exchange methodology these exchanges are safe from market manipulation as well as fake trading and wash trading.
What is Crypto exchange platform development?
Now let us talk about crypto asset exchange development. Crypto asset exchange development company provides you with guided services to develop your own crypto exchange. They provide expert services in a focused, targeted approach. There are many minute features to be taken care of and these all are worked on while taking care of operational efficiency and assets security too.
There are mainly two ways to develop a crypto exchange company –
Develop from Scratch – This is full of challenges project where you have to start from the scratch. It is time consuming and needs lots of money. It is the best alternative when you want to start afresh and have full control over every aspect of the platform. some of the steps of this process are –
- Obtaining licensing requirements
- Connecting platform with other exchanges for providing liquidity.
- Work with payment processors or a bank that accept cryptocurrencies
- Implement the best security features
- Go live with the beta testing of that software before launching it to the market
White Label Crypto Exchange – It is a ready-made solution where you get the features and functionalities. You can say it is a pre-developed program. It takes less time in crypto exchange development through white label solution that with develop from scratch option. It is already tested so the possibility of problems is very low. It is economical as well.
What is Crypto exchange development company?
For any exchange to get running you need many experts, field specialists to build it either from scratch or a pre-built software. Software development is one of the key aspect of this process. There are many other steps already explained above. Therefore, you need the expert guidance of a crypto exchange development company. These are specialists with expert team and provide services such as exchange development, liquidity enhancement, listing services and more.
Before selecting an exchange development company, check the services they are providing. Whether they are giving you white label solutions only, tech support, different types of exchange services etc. Some of the features to look for are –
- Transactions per second
- Robust trade engine
- Security
- API Integration
- KYC and AML capabilities
PlatinX Technology is a crypto asset exchange development company which provides all and more of the features mentioned above. We are one stop crypto solutions platform with services such as Market Making, Liquidity Enhancement, Risk Management, OTC, ALGO, HFT Trading, Exchange Development and Listing Services. We have worked with large fintech companies and digital currency start-ups. The diversity of our digital currency solutions development portfolio helps us deliver incredibly suitable solutions for businesses and individuals of all kinds.